Crown jewel stays on the PS5, but Sony swallows a huge loss

The Japanese entertainment giant lost $18bn in value in just one day when Microsoft announced it was buying Activision-Blizzard, but Call of Duty will not be migrating to the Xbox

PlayStation: Goodbody has estimated that there have been 16 million PlayStation 5s sold worldwide, compared to a combined 10 million sales of the Xbox Series S and X sales

It has been a week to forget for Sony, the Japanese entertainment giant. The firm lost almost €18 billion in value in a single day on Tuesday in the wake of Microsoft’s announcement that it was buying Activision-Blizzard, the studio behind some of the biggest games on Sony’s PlayStation platform, for €60.6 billion.

The question now is what, if anything, Sony can do to strike back. It has long dominated the games console market, with ...